The Cost of Bad Credit

Reasons your credit may be checked and cause you to lose money or miss opportunities.

  • When you apply for insurance it will impact the premiums you pay
  • An employer may check your credit to determine whether or not you receive a job offer.
  • Property managers will check your credit to determine if your apartment rental application is approve
  • When you hook up utilities (gas, electric, water) you will be required to put down a sizable deposit or denied altogether.

Your credit can determine if you retire rich or poor. It’s your choice!

Example: If Kelly invested that $827.20 per month in an IRA or 401K…

$827.20 over 30 years (8% return)

Total $1,232,925.45

Don’t be like Kelly